Renasant (NYSE:RNST) Raised to Hold at Wall Street Zen

Renasant (NYSE:RNST) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Renasant in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, Renasant has a consensus rating of “Buy”.

Renasant Stock Down 2.0%

Shares of NYSE:RNST opened at $37.06 on Friday. The firm’s 50 day moving average is $38.14. The stock has a market capitalization of $3.49 billion, a PE ratio of 17.48 and a beta of 0.97. Renasant has a 12-month low of $26.97 and a 12-month high of $42.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.91.

Renasant (NYSE:RNST) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. Renasant had a net margin of 12.55% and a return on equity of 7.53%. The firm had revenue of $278.52 million for the quarter, compared to analysts’ expectations of $269.00 million.

Renasant Company Profile

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate–1-4 family mortgage; real estate–commercial mortgage; real estate–construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services.